Zurich-based Julius Baer has announced new changes to its executive board, including the appointment of an emerging markets head who will cover the global India segment.
Julius Baer will change the regional structure of its executive board as part of broader plans to deliver its target for the 2023–2025 strategic cycle and beyond, according to a statement.
«As of the beginning of 2024, Julius Baer Group complements its leadership team through a number of in-house promotions and select new hires,» the Swiss bank said.
CEO Philipp Rickenbacher as well as chief operating officer and deputy CEO Nic Dreckmann will be the most senior members of the executive board.
Regional Appointments
On a regional and client basis, the executive board will also include Sonia Gössi (Switzerland & Europe), Carlos Recoder Miralles (Americas & Iberia) Jimmy Lee (Asia), Thomas Frauenlob (intermediaries & family offices) and Sandra Niethen (client strategy & experience).
Rahul Malhotra – currently responsible for Julius Baer’s Global India franchise (onshore and non-resident), Japan, and Asian clients served out of Switzerland and Japan – will join the board and lead emerging markets, based primarily in Dubai. His new remit includes the on and offshore India segment, alongside Middle East & Africa (MENA), Central & Eastern Europe, Israel, Greece and Turkey.
Products and Other Functions
For products and solutions, the board will include Luigi Vignola (markets), Yves Bonzon (investment & wealth management solutions, chief investment officer) and Nicolas de Skowronski (investment & wealth management Solutions, wealth management solutions).
And for strategy, stakeholder relations and corporate functions, the board welcomes Evie Kostakis (chief financial officer) Guido Ruoss (chief human resources officer & corporate affairs), Oliver Bartholet (chief risk officer) and Christoph Hiestand (group general counsel).
Departures
The former head of Switzerland and MENA Yves Robert-Charrue as well as head of Americas Beatriz Sanchez will step down from the executive board. Robert-Charrue will leave the group at the beginning of 2024 after joining the bank in 2009 while Sanchez will assume the new role of chair of Americas in January next year.
«Our organizational structure and freshly composed leadership team, with its blend of in-house and new talent, will create the momentum and continuity needed to achieve our targets,» commented Rickenbacher.
